TRANSAT AT Inc (TRZ) Expected to Earn FY2017 Earnings of $0.51 Per Share
TRANSAT AT Inc (TSE:TRZ) – National Bank Financial upped their FY2017 earnings per share (EPS) estimates for shares of TRANSAT AT in a research note issued to investors on Monday. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $0.51 per share for the year, up from their prior forecast of $0.28. National Bank Financial currently has a “Outperform” rating and a $13.50 price target on the stock. National Bank Financial also issued estimates for TRANSAT AT’s Q4 2017 earnings at $0.97 EPS and FY2018 earnings at $0.05 EPS.
A number of other equities analysts have also commented on TRZ. CIBC upgraded shares of TRANSAT AT from an “underperform” rating to a “neutral” rating and raised their price objective for the company from C$7.00 to C$9.50 in a research report on Thursday, July 20th. Desjardins upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and raised their price objective for the company from C$7.50 to C$9.00 in a research report on Thursday, July 20th. TD Securities dropped their target price on shares of TRANSAT AT from C$10.00 to C$7.00 and set a “hold” rating for the company in a research report on Thursday, July 27th. Scotiabank dropped their target price on shares of TRANSAT AT from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a research report on Tuesday, August 22nd. Finally, Laurentian upgraded shares of TRANSAT AT from a “hold” rating to a “buy” rating and set a C$10.25 target price for the company in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. TRANSAT AT currently has an average rating of “Buy” and a consensus price target of C$11.29.
TRANSAT AT (TRZ) opened at C$10.28 on Thursday. TRANSAT AT has a 1 year low of C$5.03 and a 1 year high of C$10.96.
In related news, Director Louis-Marie Beaulieu bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was acquired at an average cost of C$9.55 per share, for a total transaction of C$95,500.00.
About TRANSAT AT
Transat A.T. Inc operates as an integrated tour operator primarily in the Americas and Europe. It develops and markets holiday travel services in package and air-only formats in approximately 50 countries. The company also operates as an outgoing and incoming tour operator by bundling services bought in Canada and abroad, and reselling them in Canada, France, the United Kingdom, and 10 European countries directly or through intermediaries.
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